To: Mike Buckley who wrote (11348 ) 11/28/1999 4:42:00 PM From: StockHawk Respond to of 54805
JDSU - this was posted on another thread, it is apparently from a newsletter type service devoted to options trading: JDSU - JDS Uniphase $266.00 Uniphase Corporation is a fully integrated optical electronics company that designs, develops, manufactures and markets fiber optic telecommunications components and modules and laser subsystems. The Company's telecommunications products include semiconductor lasers, high-speed external modulators, transmitters, fiber Bragg gratings and optical modules for fiber optic networks in the telecommunications and cable television industries. Based in the Silicon Valley, California, they employ approximately 6260 people worldwide. Customers include Lucent, Nortel, Cisco and Ciena. American Express owns 10% of the common shares "Dear God, please let there be one more company like Intel to invest in, and I promise not to mess it up this time". Here's your big break. UNPH makes the laser modules and pumps (in addition to other components) that split a fiber optic strand into many different, potentially unlimited channels. Effectively they do for light what Intel does for electrons. Their components are critical to the development of optical networks. Now would somebody please show us an entry point? Egad, this one's been hard to hit. Wednesday we had one opportunity after the opening to get in at $240 before the run to $256 by the close. Friday, volume remained solid, pushing the price all the way up to $272.50 before day-end profit taking zipped it back to $266. Technically, we are in the middle of the short-term channel and at the high end of the longer-term channel. In either case, support is in the $247-$250 range. We urge you not to chase it at these lofty levels; wait for a pullback since missed money is better than lost money. There is still a full month until the 2:1 split. That said, there still appears to be plenty of cash waiting to be put to work, which will drive volume, and thus, the price. As long as funds are buying, a major retracement is unlikely. If you take a position, be sure to set a trailing stop to protect the profits (but choose carefully, our suggested stops may be too close for you). JDSU again added another optical company to its stable by agreeing to buy Britain's SIFAM. Their components split, combine and filter light on optical fibers. It will cost them about $100 mln. This follows their recent agreements to buy EPITAXX for $400 mln, and OCLI for $2.8 bln.